Sila
Founded Year
2018Stage
Series A | AliveTotal Raised
$20.7MLast Raised
$13M | 4 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-53 points in the past 30 days
About Sila
Sila operates as a financial technology company that focuses on providing a payment platform. The company offers a range of services including fast money transfers, identity verification, fraud prevention, and bank account linking. Its services are primarily targeted towards the fintech industry. It was founded in 2018 and is based in Portland, Oregon.
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Sila's Product Videos
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Sila's Products & Differentiators
ACH API
No more dealing with archaic banking interfaces, rejections from payment processors who won’t support your use case, or stringing together multiple banking APIs just to add payment capabilities to your application. Sila was built from the ground up to get you up and running quickly.
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Expert Collections containing Sila
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Sila is included in 2 Expert Collections, including Blockchain.
Blockchain
8,945 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Fintech
9,450 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Sila Patents
Sila has filed 40 patents.
The 3 most popular patent topics include:
- lithium-ion batteries
- energy storage
- rechargeable batteries
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
12/15/2023 | 1/14/2025 | Energy storage, Rechargeable batteries, Capacitors, Lithium-ion batteries, Battery types | Grant |
Application Date | 12/15/2023 |
|---|---|
Grant Date | 1/14/2025 |
Title | |
Related Topics | Energy storage, Rechargeable batteries, Capacitors, Lithium-ion batteries, Battery types |
Status | Grant |
Latest Sila News
Feb 27, 2025
Sila , a leading fintech infrastructure platform, and GBank, a premier Las Vegas-based financial institution, proudly announce the successful completion of a major API integration project. This partnership has modernized GBank’s technology stack, transitioning from legacy flat-file systems to a robust API-driven infrastructure, enabling seamless transactions across ACH and Real-Time Payments (RTP) rails for fintech companies. The project marks a significant milestone for both companies, aligning with the growing demand for faster, more reliable, and secure payment processing solutions. Through Sila’s API platform, fintechs can now leverage GBank’s banking capabilities to offer innovative financial services, ensuring real-time transaction processing and compliance with evolving industry standards. “Our collaboration with GBank represents a critical step forward in modernizing banking infrastructure to meet the needs of today’s fintech landscape,” said Mike Fitzpatrick, CEO of Sila. “By providing an API for ACH and RTP, we’re empowering GBank to serve their fintech customers better and demonstrate the bank’s focus on customer success.” GBank, known for its commitment to innovation and customer-centric services, now stands at the forefront of digital banking transformation in the region. This integration enhances the bank’s ability to support a wide range of fintech partners while ensuring secure, real-time payment capabilities. “Partnering with Sila has allowed us to significantly upgrade our technology, providing a modern, API-driven approach to payments,” said Tara Campbell, Chief Operating Officer at GBank. “This modernization not only strengthens our fintech partnerships but also aligns with our mission to offer cutting-edge financial solutions to our clients.” This joint achievement underscores the commitment of both Sila and GBank to advancing the future of financial technology, offering scalable and innovative solutions for businesses navigating the fast-paced world of digital payments. Sila is a leading fintech software platform that provides banking and payment infrastructure via APIs, enabling businesses to access ACH, RTP, and other financial services. Sila is dedicated to empowering the next generation of fintech innovators with secure, compliant, and scalable technology. Founded in 2007, GBank (formerly Bank of George) is a Las Vegas-based financial institution offering personal and business banking services. GBank is committed to innovation, providing clients with modern banking solutions and cutting-edge payment processing capabilities. [To share your insights with us, please write to psen@itechseries.com ]
Sila Frequently Asked Questions (FAQ)
When was Sila founded?
Sila was founded in 2018.
Where is Sila's headquarters?
Sila's headquarters is located at 1022 North West Marshall Street, Portland.
What is Sila's latest funding round?
Sila's latest funding round is Series A.
How much did Sila raise?
Sila raised a total of $20.7M.
Who are the investors of Sila?
Investors of Sila include Madrona Venture Group, Mucker Capital, Oregon Venture Fund, Taavet Hinrikus, Revolution Ventures and 7 more.
Who are Sila's competitors?
Competitors of Sila include Solaris, Finix, Nymbus, Alviere, Astra and 7 more.
What products does Sila offer?
Sila's products include ACH API and 4 more.
Who are Sila's customers?
Customers of Sila include Constitution Management, sequoir, Blue Pallet and Otonomi.
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Compare Sila to Competitors
NovoPayment specializes in providing Banking as a Service (BaaS) platforms and focuses on digital financial and transactional services. The company offers a suite of bank-grade solutions, including digital banking, payment processing, card issuing, and risk management services, all designed to integrate with existing systems for financial operations and customer experiences. NovoPayment primarily serves banks, financial institutions, merchants, and other financial service providers looking to digitize and modernize services. It was founded in 2007 and is based in Miami, Florida.
Stripe provides services for businesses to manage online and in-person payments. It offers products including payment processing application programming interfaces (APIs), payment tools, and solutions for handling subscriptions, invoicing, and financial reports. Stripe serves sectors such as e-commerce, Software as a Service (SaaS), platforms, marketplaces, and the creator economy. Stripe was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.
Plaid connects users to financial data and services. The company provides products that link users' financial accounts to applications, verify identities, and support secure money movement. Plaid's solutions include fraud prevention, credit underwriting, and personal finance insights. It was founded in 2013 and is based in San Francisco, California.
Unit is a financial technology company that specializes in embedded finance and financial infrastructure within the banking and lending sectors. The company offers a platform that enables tech companies to integrate banking services, such as storing, moving, and lending money, into their products. Unit's services are designed to facilitate compliance and simplify technical integration for businesses looking to offer financial services. It was founded in 2019 and is based in New York, New York.
Solaris is a technology company with a banking license that provides Banking-as-a-Service solutions in the financial services sector. The company offers a platform for businesses to integrate digital banking, payment services, and lending options into their products through APIs. Solaris serves sectors that require embedded finance solutions, including mobility, travel, and wealth management. Solaris was formerly known as Solarisbank. It was founded in 2016 and is based in Berlin, Germany.
Productfy is a platform that specializes in the embedding of financial products within various business sectors. The company offers a suite of services, including branded card programs, digital banking solutions, secured charge card issuance, and disbursement mechanisms, all designed to be integrated seamlessly into clients' applications. Productfy primarily serves sectors such as community banks, credit unions, real estate, financial services, and insurance. It was founded in 2018 and is based in San Jose, California.
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